Korea Joongang Daily
Korea JoongAng Daily

Gov't to create 300 billion won loan for firms investing in carbon reduction projects

The government will launch a loan program worth 300 billion won ($207.5 million) over the next three years to support companies investing in carbon emission reduction facilities, and related research and development (R&D) projects.

2025-11-06

Lee to deliver budget speech Tuesday to outline next year's spending plan

President Lee Jae Myung will deliver a budget speech this week to outline the government's spending for next year, the presidential office said Monday.

2025-11-03

Critics worry split could leave Finance Ministry 'just a tax agency'

The National Assembly passed a revision to a law on Friday that will split the Ministry of Economy and Finance into two separate entities, weakening the agency's role as a central policymaking control tower.

2025-09-29

Lee Jae Myung administration unveils record budget of 728 trillion won for 2026

The Lee Jae Myung administration set next year’s budget at 728 trillion won ($524 billion), a jump of more than 50 trillion won from this year and the largest single-year increase on record.

2025-08-29

Korea's deficit hits $68.1 billion, the fourth-highest on record

Korea's fiscal deficit reached 94.3 trillion won ($68.1 billion) in the first half 2023, with expectations of a wider shortfall due to a second extra budget and rising national debt concerns.

2025-08-14

Top office's 5-year blueprint focuses on AI, 'energy superhighway' as growth engines

President Lee Jae Myung’s State Affairs Planning Committee introduced a draft blueprint for running the country over the next five years, putting growth engines like AI and a vast “energy superhighway” at the heart of his economic agenda.

2025-08-13

Convenience stores, other retailers ramp up promotions as gov't consumer coupon program begins

As the government began distributing its consumer coupons on Tuesday, offering cash-equivalent vouchers to stimulate domestic consumption, retailers — especially convenience stores — are ramping up promotions.

2025-07-22

Korea logs 35.5 trillion won fiscal deficit in January-May period

Korea's fiscal deficit reached 35.5 trillion won in early 2023, with total revenue increasing significantly while expenditures grew modestly.

2025-07-10

Finance minister nominee envisions nation as 'Korea Inc.' to generate returns for public

Koo Yun-cheol, nominee for deputy prime minister and finance minister and former chief of the Office for Government Policy Coordination, said on Sunday he would push for sweeping economic reforms aimed at achieving “true growth.”

2025-06-30

In shift, president appears open to income-based 'livelihood support' stimulus

President Lee Jae Myung suggested support for a hybrid approach to “livelihood support payments,” calling for universal distribution with differentiated amounts based on income — a departure from his previous advocacy for a flat-rate payout.

2025-06-17